SITINET.BO SITI Networks (BSE) INR 0.49 23 Jan 2026: Oversold bounce to INR 0.60
SITINET.BO stock is trading at INR 0.49 on the BSE in intraday trade on 23 Jan 2026, presenting a classic oversold bounce setup for short-term traders. Liquidity is thin with volume 3,788 versus an average of 35,712, and the share sits near its year low INR 0.49, making small absolute moves meaningful. Given a negative EPS of -2.41 and a negative PE, this is a risk-on, tactical bounce idea rather than a fundamentals play. We outline targets, risk levels, and the Meyka AI forecast to frame a trading plan.
SITINET.BO stock technical snapshot
Price action is static at INR 0.49 intraday with day high and low both INR 0.49. Low volatility readings and equal Bollinger Bands (Upper 0.49, Middle 0.49, Lower 0.49) reflect near-zero traded range and thin activity today.
Meyka AI rates SITINET.BO with a score out of 100: 61.09 (Grade B, HOLD). This grade factors S&P 500 and sector comparisons, financial growth, key metrics, forecasts, and analyst consensus. The grade signals mixed signals — technical oversold conditions against weak fundamentals.
Fundamentals and valuation for SITINET.BO stock
Key metrics show vulnerability: EPS -2.41, PE -0.20, and book value per share -12.92. Cash per share is 3.57, while EV/EBITDA sits at 53.05, indicating valuation stress versus earnings.
Revenue per share is 12.86 and net income per share is -2.35, highlighting negative profitability. Current ratio 0.30 and interest coverage -1.45 point to tight liquidity and debt service pressure.
Volume, liquidity and Communication Services context
Liquidity is thin: intraday volume 3,788 versus avgVolume 35,712 (relVolume 0.11). That low turnover makes quick bounces possible but slippage and execution risk are high.
In the wider Communication Services sector, peers show healthier metrics. Sector average ROE is about 13.56% and average P/S near 4.69, underlining SITI Networks’ weaker profile inside the sector. Reference company site for filings and updates SITI Networks.
Why an oversold bounce setup is playable now
The stock trades at the year low INR 0.49, a psychological level where short-term mean reversion trades can trigger. Low volume and compressed price range increase the chance of a quick rebound to nearby resistance.
A tactical bounce target is INR 0.60 while an initial stop can be set at INR 0.42 to limit downside. This is an intraday-to-short-term trade idea, not a long-term investment call.
Risks and catalysts for SITINET.BO stock
Primary risks include continued negative earnings, weak balance sheet metrics (negative book value), and thin liquidity that can exaggerate downside moves. Earnings remain negative and the next company earnings announcement was last recorded for 2025-09-27.
Catalysts that could sustain a bounce are operational updates, better collections from distribution partners, or sector rotation into beaten-down communication names. Check BSE for official price and corporate actions BSE quote.
Trading plan, targets and Meyka view
Short-term traders can treat this as a low-conviction oversold bounce: enter a small position on strength above INR 0.50, target INR 0.60 and tighten stops at INR 0.45. For failure below INR 0.42, cut exposure quickly.
Meyka AI’s broader platform view suggests monitoring order book and sector flow on Meyka’s stock page for updates: Meyka SITINET.BO page. Position sizing should be minimal due to volatility and weak fundamentals.
Final Thoughts
SITINET.BO stock is an intraday oversold bounce candidate at INR 0.49 on the BSE on 23 Jan 2026. Short-term mechanics favor a rebound to INR 0.60 on any uptick in buying, but fundamentals remain weak with EPS -2.41, negative book value and tight liquidity. Meyka AI’s forecast model projects a yearly price of INR 0.42, which implies an expected downside of -14.14% versus the current price INR 0.49; forecasts are model-based projections and not guarantees. Treat any trade as tactical, keep position sizes small, use strict stops near INR 0.42, and watch sector flow for confirmation. This is a high-risk bounce trade, best for nimble intraday traders rather than long-term holders.
FAQs
What makes SITINET.BO stock an oversold bounce candidate?
SITINET.BO stock sits at INR 0.49, the year low, with compressed intraday range and low volume. These technical conditions can produce quick mean-reversion moves, creating short-term bounce opportunities for nimble traders.
What price targets and stops do analysts suggest for SITINET.BO stock?
A short-term bounce target near INR 0.60 and a tight stop around INR 0.42 are common tactical levels. Use small position sizes due to thin liquidity and negative fundamentals.
How does Meyka AI view SITINET.BO stock and the forecast?
Meyka AI rates SITINET.BO with a score out of 100: 61.09 (Grade B, HOLD). Meyka AI’s forecast model projects a yearly price of INR 0.42, a model-based figure that is not a guarantee and should be one input among many.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
